How to Pay for Senior Care with Limited Resources
We don’t often think of living a long life as a problem, especially for those we love. But what happens when Mom, Dad, a spouse or another beloved family member are in need of regular health care yet are apparently short on finances?
Actually, paying for care may be well within your loved one’s means, says insurance expert Chris Orestis.
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“It’s a secret the life insurance industry has managed to hide for decades: Your policy can be used to pay for long-term health care such as home care, assisted-living or nursing home expenses,” says Orestis, a former insurance industry lobbyist.